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2024 satellite direct-to-device investment reaches $1.8B

Globalstar rakes in $1.5B from Apple, SpaceX expands services with T-Mobile

Madeline DurrettbyMadeline Durrett
December 5, 2024
in Strategy and Markets
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The satellite direct-to-device market is gaining momentum as SpaceX and Globalstar expand their services. Connectivity Business News in its Transactions Database tracked five satellite direct-to-device (D2D) fundraising transactions valued at $10 million or more, totaling $1.8 billion. The most lucrative investment was Apple’s $1.5 billion investment in Covington, La.-based satellite operator Globalstar, announced last month […]

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Tags: AppleFederal Communications Commission (FCC)GlobalstarPremiumSatcubeSatixFySpaceXStarlinkT-Mobile
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